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Fundbox

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Fundbox

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in Business Loans from Fundbox

Net Recommendation Score -100% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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3 users don't recommend
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Highlights
Highlights
Community Rating

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Loan Amount $100 - $100,000
APR  (Fixed APR) 15% - 59%
Loan Term 3 - 6 months

Fundbox Review

Where does Fundbox do business?

Fundbox is a business financing offering by Fundbox, based in San Francisco, CA. Founded in 2013, Fundbox offers access to business loans in 50 states (and Washington, DC).

What are Fundbox’s rates?

Fundbox offers a fixed APR business financing product that ranges from 15% APR up to 59% APR.

Does Fundbox charge an origination fee?

No, Fundbox does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What limitations does Fundbox set on the purpose of the loan?

Fundbox considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Fundbox offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Fundbox provides access to the following business loan types:

  • Lines of Credit
  • Invoice Financing

Does Fundbox charge prepayment fees?

No, Fundbox does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from Fundbox?

Loan amounts start at $100 and go up to $100,000.

What is the maximum loan term you can get with Fundbox?

Fundbox offers business loans with terms ranging from 3 to 6 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for Fundbox?

Fundbox does not require borrowers to have been in business for a minimum number of years. Businesses must have a minimum annual revenue of $25,000 to be considered.

Applicants with a credit score of at least 300 and up to 850 are eligible for Fundbox.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Proof of identity

What is the estimated funding time for a business loan via Fundbox?

Fundbox can approve (or deny) a loan application within 1 hour and fund business loans within 1 business day of approval.

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About Fundbox

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
No Prepayment Fee  
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Months in Business 0
Minimum Revenue $25,000
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $100 - $100K
APR (Fixed APR) 15% - 59%
Loan Term 3 - 6 months

Fundbox Community Reviews

 

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